Gray Television (GTN) Tops Q1 EPS by 8c, Beats on Revenue; Positive Q2 Revenue Guidance

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Go back to Gray Television (GTN) Tops Q1 EPS by 8c, Beats on Revenue; Positive Q2 Revenue Guidance

Gray Television (GTN) Confirms Acquisition of WCAX-TV In Burlington, Vermont for $29M

May 4, 2017 10:01 AM EDT

Gray Television, Inc. (NYSE: GTN announced today that it has reached an agreement with Mt. Mansfield Television, Inc. ("Mt. Mansfield") to acquire WCAX-TV, the CBS affiliated television station in the Burlington, Vermont-Plattsburgh, New York, market (DMA 97) for $29.0 million.

"Gray is thrilled that the Martin family selected us as the new steward of Vermont's very first television station," said Kevin Latek, Gray's Executive Vice President. "We will proudly build upon WCAX's strong... More